COVID-19 Benefits and Business Supports Extended

As of July 30, the government announced that COVID-19 benefits and business supports that were due to expire in September have now been extended until October 2021. Extensions include:

  • Extending the eligibility period for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support until October 23, 2021 (originally set to expire on September 25, 2021), and increasing the rate of support employers and organizations can receive during the period between August 29 and September 25, 2021.
  • Extending the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB), and the Canada Recovery Sickness Benefit (CRSB) until October 23, 2021.
  • Increasing the maximum number of weeks available for the CRB, by an additional 4 weeks, to a total of 54 weeks, at a rate of $300 per week, and ensuring it is available to those who have exhausted their employment insurance (EI) benefits.

The full press release can be read here. If you have any questions regarding the extensions, make sure to contact us here at Rise on 604-936-4377 or info@risecpa.ca.